While gold has dominated headlines in recent years, another commodity has quietly been powering higher and that’s copper. Fuelled by high demand from the data centre, electric vehicle, and renewable energy industries – and persistent supply shortages – it has soared to new all-time highs. 

Interested in adding copper stocks to your portfolio? Here are six names to check out. 

Freeport-McMoRan

If you’re looking for a large-cap, pure-play copper stock it’s hard to look past Freeport-McMoRan (FCX:NYSE). Listed on the New York Stock Exchange, it’s the largest publicly-traded copper producer globally. 

It has copper mines in the US, South America, and Indonesia. In 2025, it produced 3.4 billion pounds of copper – enough to wire roughly 10 million US homes. 

The technicals here look great. At present, the stock is in a strong upward trend.

It has also recently broken out to new all-time highs. A driver here is profit growth – this year net profit is projected to rise around 100%. 

On the downside, the valuation is a little on the high side. Right now, the P/E ratio is 27. 

The dividend yield is also a little underwhelming at 0.75%. If one is seeking income, it’s possible to find copper stocks with higher yields than that. 

Antofagasta

In the UK market, a large-cap copper stock that could be worth a look is Antofagasta (ANTO:LON). Sporting a market cap of around £40 billion, it’s a member of the FTSE 100 index. 

It operates world-class copper mines in Chile including the Los Pelambres and Centinela mines. In 2025, it produced about 1.4 billion pounds – enough to wire millions of electric vehicles or construct thousands of industrial-scale wind turbines. 

This is another stock that is trending up. With net profit expected to rise 40% this year, investors are buying aggressively at present.  

Like Freeport-McMoRan, it has a lofty valuation – the P/E ratio is about 29. Yet if copper prices continue to rise, it should do well as operational leverage will lead to higher profits. 

Glencore 

Also in the FTSE 100, we have Glencore (GLEN:LON). Boasting operations in Africa, South America, and Australia, it’s one of the world’s largest producers of copper.

It’s not just a copper producer though. It also sports a massive global commodity trading arm meaning that it has multiple ways to generate revenue. 

One attraction of this stock is that it’s far cheaper than the likes of Freeport-McMoRan and Antofagasta. Currently, it’s trading on a P/E ratio of 14. 

Another attraction is the dividend yield. This currently stands at about 3% so there’s a decent amount of income on offer. 

On the downside, profits here can be very up and down. This can lead to huge swings in the share price. 

Over the last decade, this copper stock has been very turbulent. So, it’s not one for those seeking stability. 

BHP Group

One other large-cap copper company worth mentioning is BHP Group (BHP:LON). It’s a diversified miner; however, it’s one of the world's largest copper producers by volume.

It mines copper primarily in Chile, Australia, and Peru. Chile accounts for most of the production – here it owns the Escondida mine which is the largest copper mine in the world. 

At present, this stock has a P/E ratio of about 19. Therefore, it’s a bit cheaper than some of the large-cap copper stocks listed here. 

The dividend yield is around 3%. So, there’s income on offer. 

As for the technicals, they look good. The stock is trending up and making new all-time highs. 

It’s worth noting that the stock has had a huge run over the last year though, rising 75%. After that kind of gain, some profit taking is a possibility. 

Atalaya Mining 

Those interested in investing in small-cap copper stocks may want to check out Atalaya Mining (ATYM:LON). It’s a UK-listed copper producer that operates in southwest Spain.  

One attraction of this stock is that there’s a lower level political/geopolitical risk compared to many other small-cap copper stocks. This is due to the fact that it operates in a developed country. 

Another attraction is the valuation. Today, the stock looks very cheap on a P/E ratio of 10. 

It’s worth noting that earnings are projected to rise about 95% this year. That gives us a price-to-earnings-to-growth (PEG) ratio of just 0.1, which signals that there is a lot of value on offer here right now. 

Mueller Industries

Finally, those looking for a unique play on copper may want to consider Mueller Industries (MLI:NYSE). It’s not a miner; instead, it’s a downstream fabricator and manufacturer. 

Mueller takes raw copper and turns it into copper tubing, fittings, valves, line sets, and climate control components. Given this business model, the company looks well positioned to benefit from rising demand for copper across industries such as data centres, air conditioning, and refrigeration.   

This company has a really strong growth track record. Helped by acquisitions, its revenues have climbed from $2.4 billion to $4.2 billion over the last five years.  

It also has a strong balance sheet, rising dividends, and share buybacks. So, the financials look strong. 

As for the valuation, it’s very reasonable. At present, the P/E ratio is only 15. 

Overall, I see it as a compelling long-term play on copper. In my view, the stock represents a good way to get exposure to rising copper demand without being exposed to the many challenges that miners can face. 

Edward Sheldon has positions in Mueller Industries